Coinbase Global, Inc.
COIN · Nasdaq
COIN · Nasdaq
Coinbase operates a cryptocurrency exchange and related digital-asset platform. It makes money primarily from facilitating crypto trading and from other crypto-related services, although the supplied evidence does not provide a segment breakdown or the approximate contribution of each activity. Its customers include participants in crypto markets, while its platform operates within broader retail, institutional, and global trading ecosystems. Coinbase also develops initiatives tied to regulation, decentralized exchanges, and potential AI-agent payments. The company reports $7.2 billion of FY2025 revenue and $1.3 billion of net income, compared with $6.6 billion and $2.6 billion, respectively, in FY2024.
Coinbase fell $17.17, or 10.23%, from $167.90 to $150.73 over the reported period. The decline was uneven: shares slipped to $160.09 on July 29, recovered to $163.58 on July 30, then plunged 10.59% to $146.26 on July 31 on unusually heavy volume of 20.87 million shares. The stock stabilized afterward, edging up to $146.50 on August 3 and rebounding to $150.73 on August 4, but remained well below its starting level. The supplied evidence does not identify a dated company-specific announcement explaining the selloff. Instead, it points to continuing concern about difficult crypto-market conditions and Coinbase-specific developments described as less encouraging, despite record global trading share and improving Bitcoin ETF inflows.
